Omaha daily bee., 1887-11-30
THE SPECULATIVE MARKETS.
Wheat Fluctuates in the Morning
Within Narrow Limits.
CORN wlTNE ssEs HEAVY SELLING
A Strongly Bullish Session in the
Provision Pit-Littlc or No Change
in Cattle Prices-Gcncral
Quotations.
CHICAGO PRODUCE MARKET.

CHICAGO, Nov. 90 Special Telegram to
the BEE. The wheat market was weak this
morning. 1t opened lower than it closed last
night and Immediately began to drop still
further, but later reaction sent prices above
the opening and still later there was q par
tial loss of this advance and as a result Of the
morning trading prices at the close were Just
about the same at the opening. In May,
the most active delivery, the entire fuctua-
tion of the morning amounted to s4c, the
other deliveries moving within somewhat
narrower limits December wheat opened at
76c and May at S3c and presently the market
sagged until December sold at 159lM15Tc,
January at 1614c and May at S295c These
were the lowest prices of the session. AS an
offset TO the bearish foreign news there came
reports of the taking of ten boatoads at New
York by exporters and a large part of this
was said to be for Lisbon. New York ex-
ports to that port are not uncommon, but the
fact that our wheat was wanted there at this
time seemed to give buyers some courage.
Occasional buying orders came in from all
points and commission houses were said to
be buying quite generally for New
York and st. Louis account. The
market at neither of those points seemed
TO show any weakness and the early sellers
here became buyers, the result being to send
prices along up until December sold at 7Gl4c
January at 761sc and May ut S3$9c. The ex-
trcmc top prices were not long maintained
The most active trading and hardest fight
was when May wheat stood in the nelghbor-
hood of S3l &C. 1t rested there for some time
but was hammered down to S21sc and rested
at l o'clock at S3c. December closed at
o'clock at 75Tc and January at 76l2c.
There was heavy pulling in corn early,
much of it believed to be realizing on grain
bought at considerably lower figures, but a
fair amount of it was set down as short sell
ing. The result of this selling was to send
prices down about &c for the most active de-
liverics. There appeared to be no news
affecting values, and the drop was credited
TO the desire of some heavy operators to re-
alize profits, and to the belief Of others that
after so good an advance reaction was sure
to follow. December and January opened at
1910, May at sic, and under the free offer
ings noted December sold down to Acc, Janu-
ary to 46iIc and May to 5019c. Then an i'm
provement began and continued steadily until
December touched 1870, January 47c and
May 511@c, but the outside figures were only
briefly held, the o'clock closing being at
46ilc for December, 46s4c for January and
5ll4 for May.
Oats for May delivery opened on a level
with Mondays closing figures. Free realiz-
ing sales caused the market to weaken and
the decline was not etfectually checked until
321sM214 4c was touched. Then there was a
Sllpnt feactlOn ana tne o CLOCK close was
pretty firm one ut 52ssc sellers. Very little
was done in near futures. November sold
sparingly at 29l3c and December at 2Sl2c,
while for January 2s3sc was asked
In provisions the market was strongly bull
ish The advancing turn experienced was in
fact something of Il surprise to a majority of
the trade. In sympathy, partly with the i'm
provemcnt in the cereal lines but mainly on
account of small receipts of hogs coupled
with free buying by couple of well known
shorts the market moved upward in the free
est and easiest manner possible. Higher
prices appeared to be made almost as n mat
ter of course and with moderate changes and
no serious reaction an appreciation over last
nights closings was shown at l o'clock of Al
@47l5c in pork 100 &c in lard and 22}2@
25c in short ribs
AFTERNOON SEssION-Whcat easier; May
S234MS3Hc, December 75}Sc, January 76l4c
Corn easier; May 501sc, November 1890
1880, January 46I@c. Oats easier; January
2S1lc, May 3214c. Pork strong and without
much change closing at Sl4.65 for January
fl4i9l6 for February and $l5.22L for May
Lard steady; November and December were
quoted at 81. 10, January closed at $40, Feb
ruary at $3.50 and May at ss5215. Short ribs
advanced Sc and closed at ST.42li for Janu
ary, $685. for. February and $I62]1 fol
March.